The Year Of The Tiger Could Be A Killer

A ripple effect from Seoul will hurt an already weak economy

As dispirited traders headed off to hot springs and ski resorts for Japan's extended New Year's holiday in the last week of December, they had to wonder when the economic gloom would lift. Japan may be on the verge of recession. Corporate bankruptcies are at record highs. The Nikkei index is once again in free fall. And with major trading partner South Korea on the edge of a major debt default, the Year of the Tiger looks treacherous for Japan.

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